Consumer Sector Update for 05/15/2019: LUV,TCS,COTY,TSG,TSGI.TO

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Top Consumer Stocks

WMT -0.22%

MCD +0.75%

DIS +1.41%

CVS +0.02%

KO +1.32%

Consumer stocks continued to add to their prior gains this afternoon, with shares of consumer staples companies in the S&P 500 climbing more than 0.9% this afternoon while shares of consumer discretionary firms in the S&P 500 were ahead over 0.8%.

Among consumer stocks moving on news:

(+) Southwest Airlines ( LUV ) turned higher Wednesday afternoon, overcoming a 2% decline this morning, after the discount airline declared an $0.18 per share quarterly cash dividend, representing a 12.5% increase over its $0.16 per share distribution during the previous quarter. It also authorized a new, $2.0 billion stock buyback program to begin once the company exhausts the $400 million still remaining under its May 2018 authorization.

In other sector news:

(+) Coty ( COTY ) climbed 9% after new regulatory documents show CEO Pierre Laubies last Friday purchased 648,228 shares of the beauty products company's stock, boosting his overall stake to nearly 2.96 million shares. Laubies paid an average of $11.6353 per share, or about $34.4 million total.

(-) The Stars Group ( TSG ) was down 1% this afternoon. The Canadian gambling equipment company earned $0.38 per share during its Q1 ended March 31, excluding one-time items, down from $0.67 per share during the same quarter last year and missing the Capital IQ consensus by $0.06 per share. Revenue rose 47.7% year-over-year to $580.4 million, also trailing the $616 million analyst mean.

(-) Container Store ( TCS ) retreated Wednesday, trading 2% lower after reversing an early 11.5% advance. The retailer reported non-GAAP Q1 net income of $0.33 per share, almost doubling its $0.18 per share adjusted profit during the same quarter last year and beating the Capital IQ consensus by $0.03 per share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Business , Commodities
Referenced Symbols: LUV , COTY , TSG , TCS

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